[Lahore: 10 th July 2024] MCB Bank Limited, one of Pakistan’s leading banks, has entered
into a strategic partnership with the Punjab Information Technology Board (PITB) and
Mastercard Asia/Pacific Pte. Ltd. The ceremony, held at MCB Bank’s head office, brought
together senior representatives from all three organizations, marking a significant step
towards advancing digital payment solutions in Pakistan.
Through this partnership, MCB Bank reaffirms its commitment to leveraging cutting-edge
financial technologies to foster economic growth and financial inclusion across the region.
The integration of Mastercard’s advanced payment solutions with PITB’s innovative Payzen
platform is expected to revolutionize the digital payment landscape, providing real-time,
secure transaction capabilities to Pakistani users.
The agreement was signed between Mr. Shahzad Ishaq – Group Head Digital Banking,
MCB Bank and Mr. Khurram Mushtaq – ADG, PITB in the presence of Mr. Haroon Rasul
Khokhar – Project Director PITB, Mr. Imran Yousaf – Head Payment Solutions MCB Bank
and other representatives from MCB Bank, PITB and Mastercard.
Speaking at the occasion, Mr. Shahzad Ishaq, Group Head Digital Banking, MCB Bank said
“We are thrilled to partner with PITB and Mastercard to revolutionize the digital payment
ecosystem in Pakistan. This MoU signifies a major step forward in our commitment to
providing innovative, secure, and user-friendly payment solutions. By leveraging advanced
technologies, we aim to enhance the financial inclusion and economic growth of our
country.”
Mr. Khurram Mushtaq – ADG, PITB also added, “PITB is excited to collaborate with MCB
Bank and Mastercard to bring transparent and accessible payment solutions to Pakistan.
The integration of our Payzen platform with Mastercard’s payment gateway services will
streamline government and private transactions, ensuring a seamless and efficient
experience for all users. This partnership underscores our dedication to harnessing
technology for public benefit.”
